News

Regulation

Six-member SMSF bill may be passed pre-election

The federal government is likely feeling confident its six-member SMSF bill will pass through parliament, given it was introduced last week, an SMSF expert has suggested.

read more
ASIC

SMSF advice up for further review after probes

ASIC will use recommendations from the Productivity Commission and banking royal commission to inform its next review of advice in the SMSF sector.

read more
Compliance, Investments, Regulation

Sharper record-keeping focus tipped

Advisers and accountants can expect increased scrutiny of the record-keeping for the advice they provide to SMSF clients over the next three years, a compliance expert has warned.

read more
Administration, Platforms

Class unveils integration with Macquarie Wrap

Class has integrated with Macquarie Wrap to deliver an automated solution for managed accounts data.

read more
Regulation, Superannuation

Trustees maintain rage over franking credit policy

The House of Representatives Standing Committee on Economics public hearings into Labor’s planned changes to franking credit refunds have continued to invoke anger from SMSF trustees and self-funded retirees.

read more
Superannuation, Tax

ALP proposals aimed at boosting industry funds

Proposed changes to superannuation and tax are designed to bolster industry funds, according to I Love SMSF founder Grant Abbott.

read more
Administration, Auditing, Regulation

Time runs out on three-year audit reform

SuperConcepts has suggested the government has run out of time to pass the controversial three-year audit cycle reform.

read more
Accounting, ASIC, Property

ASIC accepts EU from SMSF accountant

ASIC has accepted an EU from an SMSF accountant who received referrals from a property group in relation to setting up SMSFs.

read more
ASIC, Regulation

ASIC sets up new enforcement arm following RC

ASIC has created a separate enforcement division as part of its response to the recommendations of the banking royal commission.

read more
ATO, Retirement, Superannuation

ATO stresses commutation authority strictness

Commutation authorities must be actioned in a specific manner to avoid any associated adverse consequences, the ATO has said.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.